I don’t know if this is common practice, but I separate each property I gave in it’s own checking account 

I've read interest needs to be paid, but it's along the same rates as banks pay in a regular checking or savings acct, which is practically nothing, and not a large enough sum to make a dent in your pocket.

Immediately after reading the book, I discovered Bigger Pockets and have now decided that real estate investment is the most practical and realistic vehicle for me to achieve financial independence.

It seems best practice right now is to work out a payment plan and also put the tenant in touch with any state, county or city support available to tenants to help them pay rent.

We copied this from the mortgage industry practice of late fee charges. 

If not, renting by the room probably isn't practical.

Not sure if this is common practice but it made sense to me.

My fiance is in dental school for a couple of more years, so we're just now to maintain flexibility until we know where we are going to settle.

I’ve seen quite a few websites that haven’t invested in SEO, but are still ranking high for specific keywords and getting traffic because they’re consistently putting out high quality content.This is absolutely something you can do yourself - it just takes a while to really learn the basics of SEO, and then a little while longer to get up to date with best practices because almost every training resource will be out of date (Google updates their algorithm SO frequently).

That's how it works here in Nevada anyways and I assume it would apply there as well but you may want to ask someone specifically practicing in Texas.